9 Longyear DrNegauneeMI49866
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Negaunee at 9 Longyear Dr, Negaunee, MI, 49866 priced at $494,900 converts $5,278/mo rent into $2,015/mo cash flow after a $2,422/mo obligation. Total monthly income equals $5,278/mo, and annual cash flow totals $24,176/yr on $164,059 invested. Return on cash invested prints 34.65% in year one, and rental yield reads 12.8% against a $494,900 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation compiles into $136,732 by year five. Five-year ROI reaches 182.4% and total cumulative return in cash sums $299,247. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,278/mo property income covering a $2,422/mo payment, not borrower’s personal income.
Single Family
Built in 1992
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49866, Negaunee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,724 (100%) |
| Owner Occupied HU | 2,777 (74.6%) |
| Renter Occupied HU | 591 (15.9%) |
| Vacant Housing Units | 356 ( 9.6%) |
| Median Home Value | $247,342 |
| Average Home Value | $287,764 |
Housing Distribution
Address Breakdown
Residential
3,464
Single Family
3,274
Multi-Family
190
Businesses
249
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Listed by: CARRIE TORETTA-PARTELLO • COLDWELL BANKER REAL ESTATE GROUP
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50151900
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.